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29 Jan
18:41

NYC construction activity hits 8-year low in 2020

Construction activity in New York City (NYC) has hit an eight-year low, suggests recent data collected by the Real Estate Board of New York. According to the board’s Q4 2020 new building construction pipeline report, new construction activity in NYC fell by -28% last year. This represents a proposed 42.6 million square feet for new building filings in the city, Kallanish understands. Additionally, new construction activity for major construction projects …
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